Repsol and Arco Withdraw from Syria

MEES is reliably informed that Repsol of Spain is relinquishing its share inthe al-Andalus concession in central Syria. The 3,132-sq. km. concession wasawarded in November 1989 to a group comprising Repsol (60%, operator), Cepsa ofSpain (25%) and Petrogal of Portugal (15%) - see MEES, 26 February 1990. Inearly 1992, Repsol made what was described as a promising discovery of light,low sulfur crude with al-Kadir-1 well (MEES...